News: Brokerage

Canopy by Hilton and Hyatt House to operate hotels in shared building

Savills Studley's U.S. Capital Markets Hospitality Group advised Hoffman-Madison Waterfront, the master developer of the mixed-use waterfront community The Wharf, in choosing Hilton Worldwide and Hyatt Hotels Corp. for its 413-key dual-branded hotel. Following an extensive, year-long RFP process in which more than 20 hotel brands from around the globe responded, Savills Studley secured the Canopy by Hilton and Hyatt House brands for the 300,000 s/f hotel. Both locations will be managed and operated by Concord Hospitality Enterprises Company and designed by SmithGroup JRR. "We received an overwhelming response from national and international hotel brands. Ultimately it was determined that the unique combination of Hilton, Hyatt and Concord Hospitality Enterprises would provide a superior experience," said Justin Magazine, managing director of Savills Studley's U.S. Capital Markets Hospitality Group. Canopy by Hilton will open its first location in the District of Columbia with a 120,000 s/f lifestyle brand hotel with 175 rooms, while the Hyatt House be a 145,000-square feet extended-stay hotel with 238 rooms. The combined hotels will include dining options, a 1,100-square-foot fitness center, 2,500 square feet of meeting space, outdoor terraces, an outdoor pool and a rooftop bar. The property will be located between Maine Avenue and Wharf Street, adjacent to 7th Street Park. The hotels are expected open in Fall 2017.
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Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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